Page 76 - Hurst Adopted FY22 Budget

APPROVED FISCAL YEAR 2022 BUDGET
Consolidated Budget Fund Summaries

Revenues, Expenditures and Changes in Fund Balance

GOVERNMENTAL FUNDS HALF-CENT FUNDS
CAPITAL
DEBT SERVICE SPECIAL REVENUE IMPROVEMENT COMMUNITY
GENERAL FUND FUND FUNDS FUNDS SERVICES ANTI-CRIME SUBTOTAL
BEGINNING FUND BALANCE 9,369,398 388,928 3,345,977 18,291,659 4,620,610 6,864,531 42,881,104

REVENUES

Ad Valorem Taxes 17,018,541 3,890,025 20,908,566
Sales and Use Taxes 8,772,509 539,300 5,025,000 4,966,710 19,303,519
Franchise and Other Taxes 2,515,000 56,500 2,571,500
Fines and Forfeitures 760,580 132,000 892,580
Impact Fees -
Licenses, Permits & Fees 896,100 896,100
Charges for Service 1,811,200 1,811,200
Intergovernmental 272,491 306,908 579,399
Intragovernmental 5,394,604 5,394,604
Interest Earnings 75,000 10,000 25,000 20,000 25,000 155,000
Debt Proceeds -
Miscellaneous 419,055 275,000 694,055
TOTAL REVENUES 37,935,080 3,900,025 1,034,708 25,000 5,320,000 4,991,710 53,206,523

TOTAL FUNDS AVAILABLE 47,304,478 4,288,953 4,380,685 18,316,659 9,940,610 11,856,241 96,087,627
EXPENDITURES
General Government 5,014,247 30,024 7,534,938 12,579,209
Public Safety 20,438,928 545,845 4,991,710 25,976,483
Community Services 1,580,271 1,580,271
Public Works 3,081,746 3,081,746

Culture and Recreation 7,819,888 617,700 3,692,288 12,129,876
Utilities - -
Debt Service - 3,619,015 723,400 1,223,483 5,565,898
TOTAL EXPENDITURES 37,935,080 3,619,015 1,916,969 7,534,938 4,915,771 4,991,710 60,913,483

NET INCOME/(LOSS) - 281,010 (882,261) (7,509,938) 404,229 - (7,706,960)
ENDING FUND BALANCE 9,369,398 669,938 2,463,716 10,781,721 5,024,839 6,864,531 35,174,144
Change in Fund Balance Explination

1. Debt Service Fund - Change in more than 10 percent of the Debt Service Fund Fund Balance
stems from the annual addition of Ad Valorem Taxes to pay for the Debt Service. The amount
rolling over per year is from Interest Earnings and savings from higher than expected tax col-
lection.
2. Special Reveue Funds - The Red Light Camera Fund is no longer taking in revenue due to a
state law making red light cameras unavaliable to municipalities. This fund is paying out ex-
penditures and not taking in revenue. This accounts for a large portion of the fund balance
being over 10 percent.
3. Capital Improvement Funds - The large project undertaken this year, the new Animal Service
Center, was paid for with bonds. The city has not requested any additional bonds at this time.
The fund balance is over the 10 percent mark due to a lack of revenue coming into this fund
at this time.

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